According to an interim management statement issued yesterday, the revenue increase is due mainly to the 24% tariff increase imposed from January. The number of units sold during the nine months was up by only one per cent.
Economic Development Minister Alan Maclean has commissioned a review of the 24% tariff increase under Article 22 of the Electricity (Jersey) Law which allows the States to decide the tariffs that the company should charge.
Yesterday’s statement says that the JEC board is confident that the review ‘will confirm the appropriateness of the current level of the company’s tariffs’.
